Flutter Entertainment (LON:FLTR) Trading Down 1.9% – Time to Sell?

Flutter Entertainment plc (LON:FLTRGet Free Report) fell 1.9% during mid-day trading on Thursday . The stock traded as low as GBX 7,564 and last traded at GBX 7,742. 153,987 shares were traded during trading, a decline of 52% from the average session volume of 323,074 shares. The stock had previously closed at GBX 7,888.

Analysts Set New Price Targets

A number of brokerages have recently commented on FLTR. JPMorgan Chase & Co. decreased their price objective on shares of Flutter Entertainment from £271 to £253 and set an “overweight” rating for the company in a research report on Tuesday, December 2nd. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Flutter Entertainment from £202 to £190 and set a “buy” rating on the stock in a report on Friday, January 23rd. Berenberg Bank lifted their target price on Flutter Entertainment from £181 to £213 and gave the stock a “buy” rating in a research note on Monday, January 19th. Finally, Citigroup decreased their target price on Flutter Entertainment from £244 to £158 and set a “buy” rating on the stock in a report on Thursday, March 5th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of £207.40.

Read Our Latest Stock Analysis on FLTR

Flutter Entertainment Trading Down 1.9%

The company has a market cap of £13.57 billion, a price-to-earnings ratio of -60.96, a PEG ratio of 1.76 and a beta of 1.18. The company has a current ratio of 0.95, a quick ratio of 0.70 and a debt-to-equity ratio of 142.42. The business’s 50 day moving average price is GBX 9,966.10 and its 200-day moving average price is £148.60.

Flutter Entertainment Company Profile

(Get Free Report)

Flutter Entertainment is the world’s largest online sports betting and gaming operator with a portfolio of globally recognised brands.

Further Reading

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